Two Harbors Investments Corp (TWO) Receiving Somewhat Favorable News Coverage, Accern Reports
News headlines about Two Harbors Investments Corp (NYSE:TWO) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Two Harbors Investments Corp earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.6242047694618 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s analysis:
- Insider Buying: Two Harbors Investments Corp (TWO) Major Shareholder Buys 3,440 Shares of Stock (americanbankingnews.com)
- US IPO Week Ahead: 1 SPAC on the calendar as August slowdown sets in – Nasdaq (nasdaq.com)
- Two Harbors Investments Corp (NYSE:TWO) Major Shareholder Two Harbors Investment Corp. Purchases 14,772 Shares (americanbankingnews.com)
- Two Harbors Investment Corp. Acquires 25,000 Shares of Two Harbors Investments Corp (TWO) Stock (americanbankingnews.com)
- Recommendation Buy on stock: Two Harbors Investment Corp. (TWO) – Street Observer (press release) (streetobserver.com)
TWO has been the subject of several recent analyst reports. Zacks Investment Research downgraded Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Maxim Group reiterated a “buy” rating and issued a $10.25 price objective on shares of Two Harbors Investments Corp in a research report on Wednesday, June 7th. Credit Suisse Group began coverage on Two Harbors Investments Corp in a research report on Wednesday, July 5th. They issued an “outperform” rating and a $10.50 price objective for the company. Finally, BidaskClub downgraded Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Two Harbors Investments Corp has a consensus rating of “Buy” and a consensus target price of $9.95.
Two Harbors Investments Corp (NYSE TWO) opened at 9.99 on Friday. Two Harbors Investments Corp has a 52-week low of $7.91 and a 52-week high of $10.54. The company’s 50 day moving average price is $9.90 and its 200 day moving average price is $9.69. The company has a market cap of $3.49 billion, a P/E ratio of 6.52 and a beta of 0.59.
Two Harbors Investments Corp (NYSE:TWO) last issued its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The business had revenue of $117.79 million during the quarter, compared to analysts’ expectations of $123.04 million. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. Equities research analysts anticipate that Two Harbors Investments Corp will post $1.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Friday, June 30th were paid a $0.26 dividend. This is a boost from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 10.41%. The ex-dividend date was Wednesday, June 28th. Two Harbors Investments Corp’s payout ratio is 72.73%.
In other Two Harbors Investments Corp news, General Counsel Rebecca B. Sandberg sold 5,566 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $9.85, for a total transaction of $54,825.10. Following the completion of the sale, the general counsel now directly owns 179,466 shares in the company, valued at $1,767,740.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brad Farrell sold 19,663 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $9.86, for a total value of $193,877.18. Following the sale, the chief financial officer now owns 410,727 shares of the company’s stock, valued at $4,049,768.22. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 43,212 shares of company stock valued at $824,599. 1.16% of the stock is currently owned by corporate insiders.
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Two Harbors Investments Corp Company Profile
Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.
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